|Bid||1.6800 x 800|
|Ask||1.6900 x 1100|
|Day's Range||1.6350 - 1.7000|
|52 Week Range||0.9200 - 3.5400|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 15, 2019 - May 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.45|
Shopko is going out of business after more than half a century serving the northern U.S. Its demise will put more than $2 billion of annual sales up for grabs.
The ratings on nine principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.2% of the current pooled balance, compared to 5.3% at Moody's last review. Moody's base expected loss plus realized losses is now 2.0% of the original pooled balance, compared to 2.6% at the last review.
The ratings on six principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.2% of the current pooled balance, compared to 5.7% at Moody's last review. Moody's base expected loss plus realized losses is now 5.1% of the original pooled balance, compared to 5.7% at the last review.
U.S. retailers have already announced about 5,000 store closures since the beginning of 2019, but the amount of space that is opening up is quite manageable.
How Is JCPenney Stock Positioned in 2019?(Continued from Prior Part)Recent earnings trend JCPenney’s adjusted EPS fell to $0.18 in the fourth quarter of fiscal 2018, which ended on February 2, 2019, compared to $0.51 in the fiscal 2017 fourth
How Is JCPenney Stock Positioned in 2019?(Continued from Prior Part)Dismal sales in fiscal 2018JCPenney’s (JCP) revenue (net sales and credit income) declined 8.4% to $3.79 billion in the fiscal 2018 fourth quarter but stayed ahead of analysts’
How Is JCPenney Stock Positioned in 2019?YTD movement JCPenney (JCP) stock was trading at $1.85 as of March 14, which reflects a 77.9% rise since the start of 2019. JCPenney stock has risen 49% since the company announced its fiscal 2018 fourth
It's tempting to try and wait it out. Give J. C. Penney Company (NYSE:JCP) enough time, it will win by attrition. Sears Holdings (OTCMKTS:SHLDQ) is on it last leg, and Amazon.com (NASDAQ:AMZN) can only offer so much of an apparel browsing experience.Current and prospective owners of JCP stock who are willing to hold out hope, though, may want to dial back their expectations. Relatively new CEO Jill Soltau may have a wealth of the right experience but she's inherited a machine that's beyond repair.The JCPenney's brand will likely always be around, in one way or another. But, the retailer as we (still) know it today just wasn't built to last.InvestorPlace - Stock Market News, Stock Advice & Trading Tips An Inevitable FateSoltau seems more than qualified. Prior to assuming the helm for Penney's, she was CEO of Jo-An Stores, served as president of Shopko and did stints with Sears and Kohl's (NYSE:KSS) in senior positions.Managing and marketing the merchandise, however, isn't the problem.Rather, the problem has been and remains a problem of relevancy. Consumers don't shop the way JCPenney sells anymore. Last August, GlobalData Retail analyst Neil Saunders opined that Penney's suffers a "lack of understanding about what it is, what it stands for, and who it wants to serve." * The 10 Best Stocks to Buy for the Bull Market's Anniversary Those are blunt words, but arguably understate why the retailer remains on the defensive and is still being forced to close stores; 27 more units were put on the chopping block last month.Some investors who've followed the saga for a while will track the beginning of the end back to 2012, shortly after former Apple (NASDAQ:AAPL) executive Ron Johnson took the helm, ran it like Apple's stores, alienating its core customers. An aggressive 'shop within a store' strategy also turned out to be a bit overwhelming.And to be fair, there's some truth in the idea that Johnson put the company -- and JCP stock -- on a path toward destruction. It's unlikely anyone else would have sidestepped the company's inevitable end though. Penney's, as a premise as well as a brand, is a relic. A Relevancy ProblemIn simplest terms, with the exception of its Sephora cosmetics shops, JCPenney doesn't offer shoppers anything they want that they can't get somewhere else faster, cheaper or better. And, even as successful as Sephora's presence has been, these shops have used up valuable in-store square footage……not that it matters.Penney's spent the past several decades teaching the world it was in the middle: the place for middle-income, middle-class, middle-aged people to purchase moderately priced goods of moderate quality. It certainly offered the occasional novelty item or aspirational type of merchandise, but by and large, the company offered a decent variety of respectable value.Value doesn't mean much anymore, particularly when it comes from JCP. Younger apparel buyers prefer cheap fast fashion from a store other than "grandma's favorite place to shop," and for even the middle-aged crowd that the retailer could best address, they're not buying what JCPenney is selling. Consumers are either going hyper-casual (think athleisure) or over-the-top. JCPenney can offer neither.The same goes for goods like housewares. Consumers, broadly speaking, are willing to shell out big bucks for top-of-the-line goods from Williams-Sonoma (NYSE:WSM), or are perfectly content with that simple mixer from Walmart (NYSE:WMT).And yes, to the extent JCPenney might still be able to draw a crowd with its merchandise, consumers have largely given up on malls. They consume too much time -- the commodity people find most valuable right now. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio As Mark Cohen, the director of retail studies at the Columbia Business School, described Penney's stores in November, "They're in a leaky boat that eventually will sink. The prognosis for the future is not happiness." Bottom Line for JCP StockTo her credit (and possibly good for JCP stock), Soltau is arguably the best CEO the retailer has had in years. She knows what JCPenney is, and what it isn't. It's unlikely she would have ever pushed the introduction of home appliances into the mix, as her predecessor did with poor results.Indeed, the very presence of refrigerators and washing machines may have damaged the company's remaining credibility as an apparel venue.Knowing what the company is and isn't, however, doesn't inherently mean JCPenney can become what it needs to become. With malls as a shopping venue in trouble and consumers valuing time above all else -- and devaluing value merchandise relative to super-cheap or ultra-high-end goods -- the retailer doesn't have much of a future. It may not have any future, making ownership of JCP stock a risky bet.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Like Its Stores, JCPenney Stock May Simply Be Too Far Gone to Salvage appeared first on InvestorPlace.
Limit orders and stop orders tell your broker how you want to fill your trades. A limit order sets the maximum or minimum price at which you are willing to buy or sell. A stop order will be executed only when the stop price is reached.
U.S. equities bounce back on Monday despite all the drama surrounding Boeing (NYSE:BA) as it faces trouble with its 737 MAX airliner after a series of two fatal crashes within five months. There were no survivors from either. And the circumstances of the tragedies look similar.But outside of that, the market seems ready to rally after the Dow Jones Industrial Average tested its 200-day moving average last week. Federal Reserve Board Chair Jerome Powell was on his best behavior in a recent 60 Minutes interview, continuing the dovish vibes. GDP growth has been solid. And no news seems to be good news concerning ongoing U.S.-China trade talks. * 7 Dark Horse Stocks That Deserve Your Attention in 2019 As a result, a number of consumer-oriented stocks are pushing higher. Here are four to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (AAPL) Click to Enlarge Apple (NASDAQ:AAPL) shares are pushing up and out of a three-month consolidation range, heading for a test of resistance near its 200-day moving average. This marks a rise of more than 25% off of the early January lows. Anticipation is building ahead of an expected unveiling of an over-the-top streaming service to compete with Netflix (NASDAQ:NFLX).The company will next report results on April 30 after the close. Analysts are looking for earnings of $2.39 per share on revenues of $7.6 billion. When the company last reported on Jan. 29, earnings of $4.18 per share beat estimates by a penny despite a 4.5% drop in revenue (as iPhone sales slowed). JC Penney (JCP) Click to EnlargeTurnaround retailer JC Penney (NYSE:JCP) is enjoying a surge of buying interest, pushing shares up and over their 200-day moving average for the first time since a short-lived excursion back in early 2018.The last sustained move above this level was way back in 2016 as the company has been beleaguered by years of management turnover and competing strategic visions.But a focus on core merchandising -- and an exit from the furniture and appliance businesses -- is creating new momentum. * 7 Tech Stocks That Pay Dividends The company will next report results on May 30 before the bell. Analysts are looking for a loss of 38 cents per share on revenues of $2.49 billion. When the company last reported on February 28, earnings of 18 cents per share matched estimates on a 9.5% drop in revenues. Best Buy (BBY) Click to Enlarge Shares of Best Buy (NYSE:BBY) are holding fast above its 200-day moving average, capping a 40%-plus rally off of its late December lows. The stock has enjoyed a number of analyst upgrades lately, including from Telsey Advisory Group who raised their price target to $74 on confidence in solid execution, market share gains, and traction in its services offerings.The company will next report results on May 29 before the bell. Analysts are looking for earnings of 86 cents per share on revenues of $9.1 billion. When the company last reported on February 27, earnings of $2.72 beat estimates by 14 cents on a 3.7% drop in revenues. Stitch Fix (SFIX) Click to Enlarge Shares of Stitch Fix (NASDAQ:SFIX), which sells mail-order fashion boxes powered by a style algorithm, are enjoying an epic short-covering rally of nearly 30% on Tuesday. This pushes prices up and out of an inverse head-and-shoulders reversal pattern going back to October with a break of neckline resistance near its 200-day moving average. * 15 Stocks Sitting on Huge Piles of Cash The move comes after the company reported strong quarterly results overnight. Earnings of 12 cents per share beat estimates by seven cents on a 25% rise in revenues. Forward guidance was raised, as well. Valuations are high, but with 20% top-line growth there is momentum here.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post 4 Consumer Stocks Snapping Out of the Doldrums appeared first on InvestorPlace.
J.C. Penney Co. seems to be making some early progress as it looks to turnaround its operating results, but still has a long way to go.
When it is possible to buy anything from a washing machine to a cashmere scarf online, what keeps customers returning to bricks-and-mortar shops? It is a question that vexes retail landlords across the world: as online shopping continues its rise, securing the future of traditional stores has emerged as one of the sector’s biggest challenges. Digital retail transactions are forecast to grow globally at more than 20 per cent a year between now and 2022, according to data company 451 Research, reaching $5.8tn in three years’ time.
Sephora said Monday that it will add 35 locations in 2019, including a store in New York's newest development, Hudson Yards, which launches on March 14. Other cities getting a new Sephora store include Palm Springs, Calif., Washington D.C., and Ft. Lauderdale, Fla. Sephora has 460 stores in the Americas, and 660 locations in J.C. Penney Co. Inc. stores. E.L.F. Beauty Inc. announced in February that it will close all of its 22 stores. The SPDR S&P Retail ETF has gained 8.1% for the year to date while the S&P 500 index has rallied 10% for the period.
Nowhere is that more evident than in the troubled retail industry. Using newer technology such as satellites and credit-card data, short-term traders can gain insights into how a quarter is shaping up and bet accordingly, on either the long or the short side. All too often, though, these bets are blowing up, creating fireworks during earnings season for a once-staid industry.
As we've said before, retail is a minefield. Those firms that haven't gotten a handle on omnichannel and online sales are being hurt while more successful retailers are gaining a serious advantage. This minefield has been playing out in the owners of retail real estate as well. There are plenty of retail REITs that are suffering right along with their tenants.However, just like there's a few J.C. Penny's (NYSE:JCP) for every successful Amazon (NASDAQ:AMZN), there are some retail REITs that are getting things right as well.Featuring shopping plazas in upper-middle to upper-class neighborhoods, quality tenant mixes and more destination shopping, as well as focusing on food/services, several retail REITs are getting it right and are thriving in the new market environment. And with omnichannel retailing growing fast, these REITs have the goods to keep on growing while several of their rivals fail, deal with empty storefronts and lower rents.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dow Jones Stocks to Buy But which retail REITs are winning the war? Here are three top-notch retail property owners that continue to make the right moves.Source: Shutterstock Retail REITs That Are Winning: KIMCO Realty (KIM)Dividend Yield: 6.4%It's not every day that you can score a 6%-plus yield from a top-notch stock, but that's exactly the case with KIMCO Realty (NYSE:KIM). KIM is one of the nation's largest owners of retail real estate and is unfairly being lumped in with other, poorer-quality retail REITs.For starters, KIMCO doesn't troubled shopping malls. It owns so-called open-air shopping plazas, power centers, and other similar style assets. These retail assets generally house more necessity style businesses such as hair salons, restaurants, and grocery stores. In the wake of the retail apocalypse, these sorts of locations continue to thrive. According to KIM, its occupancy rate clocked in at over 95% throughout 2018.Secondly, the quality and location of KIM's assets has improved dramatically over the years. Seeing the writing on the wall, KIMCO started to sell its less-desirable assets long before the retail problems begun to hit. As a result, this now-pruned portfolio is located in more affluent areas of the country. This "signature series" of properties feature more restaurants and shops that cater to higher-end customers. Plenty of Amazon-proof retailers dot these locations. Ironically, Amazon's Whole Foods Market is one of KIM's largest tenants.Because of the different approach to retail, KIM is actually thriving. Renewal rental rates surged 10% last quarter -- the 20th consecutive quarter of increases. This all do to KIMCO's portfolio quality.And now investors can score that quality with one of the stocks largest yields ever.Source: Shutterstock National Retail Properties (NNN)Dividend Yield: 3.8%The holy grails of REITs are so-called triple-net leased properties. In these properties, the responsibility of taxes, maintenance and other fees associated with renting the property are pushed onto the tenants. Without these extra costs, landlords are able to sit back and collect a much bigger rent check as none of that money needs to go towards these expenses. Operating in this space is National Retail Properties (NYSE:NNN).The beauty for NNN is the bulk of its 2,900-plus portfolio are convenience stores, restaurants, and auto service stores. Top tenants include LA Fitness gyms, 7-Eleven, and Taco Bell franchises. What do these tenants have in common? They're pretty much internet-proof and immune to the effects of online retailing. Like previously mentioned KIMCO, there's no sign of the retail great dying here. National Retail Properties features an enviable occupancy rate of 99%. That fact that NNN has focused on higher income and prime areas of the country haven't hurt on this fact either. * 9 Trade War Stocks to Sell on U.S.-China Deal News What triple-net leases and a high occupancy rate do is send plenty of cash back to investors as big dividends. National Retail Properties is considered a dividend aristocrat and has increased its payout every year for the past 29 years. This includes its last increase of 5.26% over the summer. And with its focus on freestanding and triple-net leased properties, those increases should keep coming for the REITs investors.Source: Yuriy Trubitsyn via Unsplash Urstadt Biddle (UBA)Dividend Yield: 5.3%When it comes to REITs, there's a good chance that you've never heard of Urstadt Biddle (NYSE:UBA). But that could be a great thing. Like both KIM and NNN, UBA owns a portfolio of grocery/drugstore-anchored open air and freestanding real estate. But its footprint is smaller -- much, much, much smaller. Urstadt owns only about 70 different properties. The key is where UBA owns them.The REIT's shopping plazas are located in a few of the most prime areas of the country: wealthy New York, New Hampshire and Connecticut suburbs just north of New York City. These regions feature some of the best consumer demographics, incomes and huge barriers to entry thanks to lack of available space and zoning laws. UBA has been operating in these areas since the 1960s and has a stronghold on some of the best turf around. So, if retailers want to tap these wealthy consumers -- and they do -- they have to give UBA a call.Because of this foothold in a prime operating area, Urstadt Biddle features a high occupancy rate as well as high rent growth. That has done two things for UBA. One, it features a very conservative balance sheet with low debt. Secondly, it has made the REIT into a dividend champion. The firm's latest 2.1% increase to its payout represents the 196th consecutive quarterly dividend. Urstadt Biddle currently yields 4.74%.All in all, UBA is getting retail real estate right and represents a great REIT to buy to play the sector.At the time of writing, Aaron Levitt held no position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Should Be Worried About a Data Dividend * 5 Cheap ETFs Worth Considering * 7 Cheap Stocks Under $5 That Could Soar Compare Brokers The post 3 Retail REITs That Are Winning In The New Landscape appeared first on InvestorPlace.
NEW YORK (AP) — The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere.